Tidal Investments LLC Reduces Position in Camtek Ltd. $CAMT

Tidal Investments LLC lessened its holdings in shares of Camtek Ltd. (NASDAQ:CAMT) by 22.8% in the second quarter, Holdings Channel.com reports. The firm owned 15,502 shares of the semiconductor company’s stock after selling 4,566 shares during the period. Tidal Investments LLC’s holdings in Camtek were worth $2,529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Camtek by 38.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,302,009 shares of the semiconductor company’s stock valued at $349,008,000 after purchasing an additional 636,773 shares during the period. Y.D. More Investments Ltd boosted its holdings in Camtek by 20.8% in the 1st quarter. Y.D. More Investments Ltd now owns 783,365 shares of the semiconductor company’s stock worth $114,901,000 after buying an additional 134,791 shares during the period. Analog Century Management LP boosted its holdings in Camtek by 14.8% in the 4th quarter. Analog Century Management LP now owns 693,720 shares of the semiconductor company’s stock worth $73,774,000 after buying an additional 89,461 shares during the period. Stephens Investment Management Group LLC purchased a new position in Camtek in the 1st quarter valued at approximately $8,296,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Camtek during the 1st quarter valued at $7,225,000. Hedge funds and other institutional investors own 41.93% of the company’s stock.

Camtek Trading Up 0.6%

NASDAQ CAMT opened at $134.66 on Wednesday. The company has a quick ratio of 6.58, a current ratio of 7.38 and a debt-to-equity ratio of 0.69. The stock’s 50-day simple moving average is $147.09 and its two-hundred day simple moving average is $162.59. Camtek Ltd. has a twelve month low of $85.38 and a twelve month high of $215.99. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 210.41, a PEG ratio of 2.88 and a beta of 1.56.

Camtek (NASDAQ:CAMT) last posted its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $133.24 million during the quarter, compared to analysts’ expectations of $130.44 million. Camtek had a return on equity of 21.58% and a net margin of 7.40%.The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS. Research analysts forecast that Camtek Ltd. will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling

In other Camtek news, CFO Moshe Eisenberg sold 645 shares of Camtek stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $172.67, for a total transaction of $111,372.15. Following the transaction, the chief financial officer directly owned 16,239 shares of the company’s stock, valued at approximately $2,803,988.13. This trade represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rafi Amit sold 6,250 shares of Camtek stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $170.52, for a total transaction of $1,065,750.00. Following the transaction, the chief executive officer directly owned 55,350 shares in the company, valued at $9,438,282. This trade represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,843 shares of company stock worth $4,514,249 over the last ninety days. Corporate insiders own 79.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CAMT shares. Stifel Nicolaus set a $170.00 target price on Camtek in a research report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camtek in a research report on Tuesday, August 11th. Finally, Morgan Stanley decreased their price target on Camtek from $167.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.25.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based semiconductor equipment company that develops, manufactures and sells automated inspection and metrology systems. Its technologies are used to detect defects, measure wafer and package characteristics, and support process control during semiconductor manufacturing and advanced packaging.

The company’s product portfolio includes inspection systems for wafers, substrates and semiconductor packages, as well as metrology solutions and related software.